Nov. 28 (Bloomberg) -- Capespan Group Ltd., South Africa’s
biggest fruit exporter, said its investors are in undisclosed
talks that may cause its share price to move.

“There are ongoing talks among shareholders,” Angelo
Peterson, Capespan’s spokesman, said by phone from Cape Town
today, declining to provide more details. Shareholders should
exercise caution when dealing in Capespan’s stock until a
further announcement is made, closely held Capespan said on its
website today, without giving more information.

Total Produce Plc raised its stake in the company to 20
percent from 15 percent, Johannesburg-based Financial Mail
reported last week. Zeder Investment Ltd., which holds 40
percent of Capespan according to the Financial Mail, and Bidvest
Group Ltd., which holds 7.9 percent, have bid for the company.
Shares in Capespan have doubled to 2.40 rand since August 2010,
according to its website.

Bidvest offered to buy 50 million Capespan shares, or 15
percent of the company, at 2.40 rand a share, Cleasby said in a
Aug. 29 interview. The offer was submitted via the fruit
exporter’s website, as the company is not listed on a stock
exchange and trades its securities over the counter.

Zeder offered to buy all the Capespan shares it did not
already own at 2.25 rand per share, it said in a statement
published on June 14. Bidvest should speak to Capespan’s major
shareholders about buying the company, said Jannie Mouton,
chairman of Zeder, on Aug. 30.